Carlsbad Apartment Complex Sells for $6 Million

PUR Villas Carlsbad LLC has purchased the 24-unit Villas La Costa apartment property in Carlsbad for approximately $6 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.

The seller of the property, at 7504-7514 Gibraltar St., was Oram Properties One LLC of San Diego. Broker Christopher Zorbas represented the seller, with Zorbas and David Sperling securing and representing the buyer.

According to CoStar Group and public data, the buying entity includes Pacific Urban Residential of Palo Alto. The property was built on 0.98 acres in 1987.